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The Bank of Canada is seen in Ottawa on September 6, 2011. The central bank warned Thursday that years of low interest rates are now taking a toll on Canadian insurers’ balance sheets.
The Bank of Canada is seen in Ottawa on September 6, 2011. The central bank warned Thursday that years of low interest rates are now taking a toll on Canadian insurers’ balance sheets.
(Sean Kilpatrick/THE CANADIAN PRESS)

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Why the Bank of Canada should stick to its knitting

Love him or hate him, John Crow is one of the most innovative and influential central bankers in Canadian history. So when the former head of the Bank of Canada says the central bank has plenty of mandate on its plate as it is without ordering up a whole new menu of regulatory challenges, we ought to sit up and listen.